Economics

Nkrumah Interchange delays not for electoral gains – Minister

The Kwame Nkrumah Circle interchange in Accra

A section of Ghanaians claim the delays in the completion of the project and its subsequent commissioning was a deliberate ploy by the government to deliver it at the last minute to elections in order to score some political points

But Alhaji Fuseini play down the claims, saying “this is not a way by government to buy votes ahead or during the elections because these projects had been planned already”.


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President Mahama commissions six-unit classroom block for Ada SHS

President Mahama cutting the tape to declare SHS Block opened

President John Dramani Mahama has commissioned an ultra-modern six unit classroom block for the Ada Senior High School.

The six unit classroom block with 2 staff common rooms and 9 toilet facilities was provided by Groupe Ideal.

At a short ceremony in Ada, Paramount Chief, the Queen mother, the Headmaster, and members of the community gathered at the forecourt of the new school building to officially receive the keys from Groupe Ideal.


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Businesses urged to incorporate environmental health operations

Dr Bernice Adiku Heloo

Accra, Aug. 14, GNA - The Deputy Minister of Environment, Science, Technology and Innovation, Dr Bernice Adiku Heloo has urged stakeholders to incorporate environment health and safety tips into their operations in order to help promote the sustainable development goals (SDGs).

Speaking at the maiden launch of the Environmental Health and Safety Awards in Accra, she noted that science and technology has brought in its wake environmental and health challenges through socio- economic activities.


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Bank of Ghana keeps policy rate at 26 per cent

Dr Abdul-Nashiru Issahaku

Accra, July 18, GNA - The Bank of Ghana (BoG) held its policy rate unchanged at 26 per cent as the risk to inflation and growth is in balance.

“In assessing the current economic conditions, the Committee views the risks to inflation and growth as balanced and decided to maintain the policy rate at 26 per cent,” Dr Abdul-Nashiru Issahaku, the Governor of BOG, told a press conference on Monday.

Dr Issahaku said to a large extent, the pace of decline in inflation had been reinforced by the current tight monetary policy stance and stability in the local currency.


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GII calls for inclusion of anti-corruption laws in manifestos

Linda Ofori-Kwafo

Accra, Aug. 14, GNA - Mrs Linda Ofori-Kwafo, the Executive Director of Ghana Integrity Initiative (GII), has asked political parties to incorporate the gaps in anti-corruption legislation in their manifestos.

She said this is necessary because manifestos launched during pre-elections become the main development planning tool that is implemented after elections by the party that forms the government.

Mrs Ofori-Kwafo was speaking at a news conference in Accra to make presidential and political parties to demonstrate commitment to the fight against corruption.


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Government's achievement is there for all to see - President Mahama

President John Mahama

Cape Coast, Aug. 15, GNA - President John Dramani Mahama has stated that government’s investment in socio-economic infrastructure is an investment for the future well-being of the country.

He said the achievements of the Government in terms of the infrastructure, littered everywhere in the country, were there for all to see.

President Mahama said this when he addressed the teeming supporters of the National Democratic Congress (NDC) at the launch of its 2016 Campaign at the Cape Coast Sports Stadium on Sunday.


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Import quality renewable energy products to avoid e-waste in Ghana – Deputy Minister

Solar Energy

Importers of renewable energy products into Ghana have been advised to bring in high quality products to avoid littering Ghana with e-waste.

The Deputy Minister of Environment, Bernice Heloo, speaking at the opening of the second Renewable Energy Conference in Ghana Tuesday August 9, 2016, said the conference is an opportunity to challenge Ghanaians to a healthy debate to attain the government’s target of achieving 10 per cent of renewable energy in the national energy mix.


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Inflation down to 16.7%

Government Statistician, Dr Philomena Nyarko

The Ghana Statistical Service (GSS) has released the inflation rate for July 2016 with Consumer Price Inflation (CPI) declining to 16.7 per cent from 18.4 per cent in June 2016.

The monthly change rate was 0.9 per cent for July 2016 compared to 1.3 per cent recorded in June this year.

According to the figures released on Wednesday August 10, food inflation was 8.6 per cent in July, same as in May 2016.

Meanwhile, the inflation rate for imported items decreased to 15.2 per cent in July 2016, from 17.3 per cent recorded in June 2016.


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Ghana inflation rate drops in July as cedi holds steady, harvest begins

inflation chat

ACCRA Aug 10 (Reuters) - Ghana's annual consumer price inflation dropped to 16.7 percent in July from 18.4 percent in June as the cedi currency stabilised and food prices fell at the start of the harvest season, the statistics office said on Wednesday.

The West African country has enjoyed general price stability this year compared to last, when water tariffs increased 15 percent and petroleum prices also increased significantly.


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Mahama gets thumbs up despite ‘Ghana heading in wrong direction’

Although 7 out of 10 Ghanaians say the country is heading in the wrong direction, President Mahama got a higher approval rating, a Center for Democratic Development (CDD-Ghana) survey has revealed.

In the study, 48% of respondents approve of the president’s management of the country while a percent less (47%) believes he has got it wrong as his first-term comes to an end in December.


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